Hello all. Question to all. I am working on my first flip deal. I have a property i have located in probate. Terms below.Purchase price: $150KRehab cost: $100-$125KARV: $425K-$450KMy Skin in the Game: $30KPartner: $27...
Found a great deal on a 6-Family builiding in New Jersey....Does anyone know of a program that will assist me with the downpayment or a lender willing to set up second mortgage to compensate the downpayment ??
So I have a friend who wants to get into the flipping business as well. I don't mind helping, but I am trying to think of a good and fair way to move forward with a property. Suggestions?I don't believe he has the c...
What kind of profit ratio split is the norm or fair when you have a funding partner? So if they put the money towards purchase of a property but you do all the work, what would be a fair profit split? Would love to kn...
I still get a few requests for HML or transactional loans. I'm just curious. Those that are actually doing or trying to do deals, this is for you.
1. Are you finding the loans?
If yes
2. Do you have skin in the game...
I want to focus this post on issues that have cost me money that were avoidable.#1 Fires, I have lost three homes to fires. Two were caused by humans. I should have insured the homes, sold them, or done something to m...
Hey BP I was looking for some opinions on how you guys and and girls structure deals with private money lenders. I have a 6 unit apartment building on my radar and I’m looking for advice on how to structure a deal wit...
I'm working with an investor who has a fairly large amount of capitol to invest, and/or access to it. There are a few deals in my area that I would like to pursue, but don't feel like I should devote my time and reso...
I know that smokers are not considered a protected class, but I was wondering where I can find more information on this. Can anyone tell me if this is stated in the Fair Housing Act? I haven't been able to find this c...
Hi everybody! I have some tenants that want to buy the house they are renting. I bought the house with a line of credit and recently financed the house for the full amount of $37000 after making repairs at 5.5% making...